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Noble Corporation plc Message Board

  • pismire_03 pismire_03 Apr 18, 2013 10:25 AM Flag

    Out of New Drillships

    Just contracted for the last two drillships and the pipeline is empty. Have a few JU ready and willing to work when they are delivered.

    Have to run.

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    • You seem to be right on target with your analysis. It is very much appreciated. Since the pipeline is empty, the expenses should drop significantly and the profits should go up. That should translate into either dividends for shareholders or a large bump in the price of the stock. $3/share yearly earnings should put us to $45 a share near the end of the year, and if they don't stumble too badly, the estimates of $5, $6, or $7 will play out.

      These new contracts are really big news. Things have changed now. There will be a new range that is higher than we are now. No more trading for a while. Buy, hold and maybe buy some more. Even if the market goes down, the stock price should climb. If the market goes up, then the multiple will be higher.

      Sentiment: Strong Buy

      • 1 Reply to drwiggin
      • NE has trades with oil over the past years. The new contracts are top of the class for $$ and will end speculation on the "build on spec". The big question is "May" and will the market deflate.
        When NE completes its "Fix the BOP" issue, then it will start trading based on earnings and cash flow.
        The "fly" is the pending spin-off of the secondary rigs and business. I don't know what the company(s) will look like and what to do with both of them at this point in time. When they come out with "words", someone might just buy the "newco" before it can be spun off.

        Not much left of the fingernails hoping to catch the stock low during the May thing.


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